India’s State-Owned Enterprises

By Ruchir Agarwal, Elif C Arbatli Saxegaard, Lesley Fisher, Xuehui Han

August 26, 2022

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Ruchir Agarwal, Elif C Arbatli Saxegaard, Lesley Fisher, and Xuehui Han. India’s State-Owned Enterprises, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

India’s recently announced privatization strategy can facilitate a change in the composition of the public sector balance sheet toward high-return public sector investments in infrastructure and human capital where there is a clear role for government, leaving commercially viable companies for the private sector. Against this background, this paper provides a description of the SOE sector in India, consider different criteria which can inform the scope and rationale for privatization. It also highlights takeaways from international experience with privatization, highlights the importance of improved governance and oversight of SOEs and showcases analytical tools that can help analyze risks from SOEs. While this paper focuses on India, the framework for SOEs developed in this paper can be used to evaluate SOEs policy options in other countries.

Subject: Economic sectors, Financial statements, Fiscal risks, Privatization, Public enterprises, Public financial management (PFM), Public sector

Keywords: Caribbean, Central and Eastern Europe, Financial statements, Fiscal risks, Global, Policy option, Privatization, Privatization plan, Privatization policy, Privatization rent, Privatization strategy, Public enterprises, Public sector, State-owned enterprises, Western Europe

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2022/165
Stock No:

WPIEA2022165
ISBN:

9798400219573
ISSN:

1018-5941

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